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Bloomberg
Stellantis plans to buy a stake in hydrogen company owned by tire-maker Michelin and car-parts supplier Faurecia SE as the automaker tries to bolster its low-emissions offerings.
The maker of Fiat and Jeep vehicles will take a “substantial†stake in the Symbio business, with closing of the transaction expected for the first half of 2023, Stellantis said.
“This move will foster the speed of development to bring low-emission products to our customers, beyond traditional electric vehicles,†Stellantis CEO Carlos Tavares said.
The carmaker plans to offer larger hydrogen vans as early as 2024 in Europe and the following year in the US.